ARTICLE 2. State Rate Supervision [11730. - 11742.]
Article 2 repealed and added by Stats. 1993, Ch. 228, Sec. 2.
§§ 11730–11742 · 14 sections
- § 11730 The following definitions govern the construction and meaning of the terms used in this article: (a) “Classification system” or “classification” means a plan,…
- § 11731 This article applies to workers’ compensation insurance and employers’ liability insurance written in connection therewith.
- § 11732 Rates shall be adequate to cover an insurer’s losses and expenses. Rates shall not tend to create a monopoly in the market. For the purpose of this section,…
- § 11732.5 Rates shall not be unfairly discriminatory. Rates are unfairly discriminatory if, after allowing for practical limitations, price differentials fail to reflect…
- § 11733 In determining whether rates comply with Section 11732, the following criteria shall apply: (a) Due consideration may be given to past and prospective loss and…
- § 11734 (a) Every workers’ compensation insurer shall adhere to a uniform experience rating plan filed with the commissioner by a rating organization designated by the…
- § 11735 (a) Every insurer shall file with the commissioner all rates and supplementary rate information that are to be used in this state. The rates and supplementary…
- § 11736 An experience rating plan shall contain reasonable eligibility standards, provide adequate incentives for loss prevention, and shall provide for sufficient…
- § 11736.5 (a) The commissioner shall establish, by regulation, those forms of collateral or security that an insurer may designate to secure the deductible amount of any…
- § 11737 (a) The commissioner may disapprove a rate if the insurer fails to comply with the filing requirements under Section 11735. (b) The commissioner may disapprove…
- § 11738 A classification shall take no account of any physical impairment of employees or the extent to which employees may have persons dependent upon them for…
- § 11739 (a) An insurer shall not use any plan for the payment of dividends to policyholders by reason of a participating provision in a workers’ compensation insurance…
- § 11740 Rates and supplementary rate information filed for use in this state pursuant to this article and Article 3 (commencing with Section 11750), as added and…
- § 11742 (a) The Legislature finds and declares that the insolvencies of more than a dozen workers’ compensation insurance carriers have seriously constricted the…